Ping An Bank Co's Total Assets for the quarter that ended in Mar. 2024 was ¥5,729,398 Mil.
Warning Sign:
If a company builds assets at 11.3% a year, faster than its revenue growth rate of 4.9% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Ping An Bank Co's average Total Assets Growth Rate was 3.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 7.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 11.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 11.50% per year.
During the past 13 years, Ping An Bank Co's highest 3-Year average Total Assets Growth Rate was 59.60%. The lowest was 7.90%. And the median was 24.50%.
The historical data trend for Ping An Bank Co's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Ping An Bank Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ping An Bank Co (SZSE:000001) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Ping An Bank Co's Asset Turnover for the quarter that ended in Mar. 2024 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Ping An Bank Co Total Assets Related Terms
Thank you for viewing the detailed overview of Ping An Bank Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Ping An Bank Co (SZSE:000001) Business Description
Ping An Bank is a leading nationwide joint-stock commercial bank with headquarters in Shenzhen. Its parent, Ping An Group, the second-largest insurance company in China, owns about a 58% stake in Ping An Bank. The bank was formerly known as Shenzhen Development Bank and was merged with Ping An Bank in mid-2012. The bank offers a full range of commercial banking services, operating 91 branches and 1,058 outlets in China.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SZSE:000001 has been successfully added to your 